BISTel, SK Telecom unveil IoT-powered asset health monitoring solution
Category: #technology  By Pankaj Singh  Date: 2019-11-01
  • share
  • Twitter
  • Facebook
  • LinkedIn

BISTel, SK Telecom unveil IoT-powered asset health monitoring solution

A leading provider of smart manufacturing solutions, BISTel has recently introduced Grandview® Asset Performance Management (APM), powered by SK Telecom’s cloud-based and IoT enabled equipment performance management solution, Metatron®. Reportedly, Grandview® APM is an A.I. based offering, facilitating prominent data visualization for all factory users.

It has been proven that deploying A.I. enabled equipment health monitoring and predictive maintenance helps to fuel data-driven smart factories, while eliminating downtime. Grandview® APM has been developed to ensure consistent asset uptime through real-time fault detection, classification and prediction, for extending the equipment life and cutting the cost of maintenance considerably.

Enabling manufacturers to tackle productivity and quality challenges

Metatron® delivers A.I. powered predictive maintenance and real-time health monitoring of factory equipment and other mission-critical assets. Grandview® APM will perform fault detection, fault classification and fault prediction in real time for minimizing maintenance costs and bolster the equipment life.

Manufacturers often have to deal with problems like equipment failure, higher repair time and costs, outdated maintenance programs that are now ineffective, along with several other issues. These challenges could most times lead to loss in productivity as well as quality. BISTel’s new solution will not only offer efficient performance monitoring and predictive maintenance but also comes fully-integrated and does not entail significant IT support and resources.

Grandview® APM has been developed for pharmaceutical, oil and gas, flat panel, semiconductor, electronics, automotive and other industry verticals and suppliers. Operating on the Metatron® IoT data analysis platform, Grandview® APM demonstrates five major smart applications of A.I.

Also Read: Deutsche Telekom & SK Telecom ink partnership on SaaS and 5G services

The solution can be used for monitoring and analyzing equipment data, real-time and historical, to help lower maintenance costs by nearly 25%.

Reviewing Grandview® APM’s A.I. smart applications for Industry 4.0

Financial and resource benefits of real-time asset health monitoring and predictive maintenance are two of the major drivers of the new solution unveiled by BISTel and SK Telecom. Other factors include fault classification, which helps to prioritize issues that need to be addressed the quickest, and fault detection through early alarm system which prevents the occurrence of failures.

The solution provides A.I/ deep learning time series data modeling and prediction and features a significant IoT optimized data engine.

 

Source Credits: https://www.streetinsider.com/Business+Wire/BISTel+and+SK+Telecom+Announce+Grandview%C2%AE+APM+Powered+by+Metatron%C2%AE/16074261.html

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with...

Read More

More News By Pankaj Singh

GM revamps its Detroit-Hamtramck plant for all-electric production
GM revamps its Detroit-Hamtramck plant for all-electric production
By Pankaj Singh

Pickup trucks hold a substantial share in America’s auto sector. Several automakers, both established and upstart, are building electric pickup trucks as they prepare for the ‘rEVolution’. American auto major General Motors Company...

ServiceNow acquires Loom Systems to enhance AIOps capabilities
ServiceNow acquires Loom Systems to enhance AIOps capabilities
By Pankaj Singh

US-based enterprise cloud computing company ServiceNow has reportedly acquired Israeli AIOps firm Loom Systems. The acquisition will help ServiceNow expand its AIOps capabilities to offer customers more in-depth knowledge of their digital operations....

Anexinet to help eMoney enhance Software-as-a-Service capabilities
Anexinet to help eMoney enhance Software-as-a-Service capabilities
By Pankaj Singh

Ongoing advances in financial technology or fintech are enabling businesses to navigate risks while cutting costs. In today’s dynamic era, digital transformation is positively impacting the financial services industry and it promises to drive u...